DETERMINANTS OF SUBJECTIVE WELL-BEING AMONG ROMANIAN OLDER ADULTS

Alexandra Cristina Sãžrbu () and Mircea Asandului ()
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Alexandra Cristina Sãžrbu: Doctoral School of Economics and Business Administration, „Alexandru Ioan Cuza University of IaÅŸi“, Faculty of Economics and Business Administration, IaÅŸi, Romania
Mircea Asandului: Alexandru Ioan Cuza University of IaÅŸi, Faculty of Economics and Business Administration, IaÅŸi, Romania

Review of Economic and Business Studies, 2021, issue 28, 111-124

Abstract: Due to population ageing, the analysis of the subjective well-being among older adults has received particular attention worldwide. In Romania this area of research is not very well studied and further investigation is needed. The purpose of this study is to analyze the determinants of subjective well-being of the Romanian older adults. Our empirical analysis is based on data from the Survey of Health, Ageing and Retirement in Europe. Using this we estimate ordinal logistic models to identify the main factors that explain subjective well-being. Our empirical results show that higher levels of income, education and a good health have a significant positive effect on subjective well-being. Also, we show that being alone and not involved in a partnership negatively affects the well-being of older adults.

Keywords: subjective well-being; older adults; SHARE; life satisfaction; ordinal logit model (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:aic:revebs:y:2021:j:28:sirbua

DOI: 10.47743/rebs-2021-2-0006

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